Taiwan Ups Growth Forecast

Taiwan Boosted by Both Exports and Domestic Demand

TAIPEI—Taiwan's government on Friday raised its 2014 growth forecasts, citing stronger exports of electronics and cars and resilient domestic demand.

The economy should expand 3.41% this year, up from previous forecast of 2.98%, the Directorate General of Budget, Accounting and Statistics said. After logging the strongest growth in three years in 2014, Taiwan's gross domestic product could rise more quickly at 3.51% next year, it...